BUA Cement Plc has delivered a remarkable financial performance for the first half of 2026, posting strong growth in revenue and profitability as the company capitalised on expanding market opportunities and tighter cost controls.
According to its unaudited financial results released on Thursday, the cement giant recorded a revenue of N728.9 billion for the six months ended June 2026, representing a 25.6 per cent increase from the N580.3 billion generated during the same period in 2025.
The impressive revenue growth was matched by a significant jump in earnings, with profit before tax rising by 79 per cent to N384.4 billion, compared to N214.8 billion recorded a year earlier.
Similarly, profit after tax surged by 79.6 per cent to N324.9 billion, up from N180.9 billion in the corresponding period of 2025, underscoring the company’s ability to translate increased sales into stronger bottom-line performance.
BUA Cement attributed the robust results to the successful expansion of its new market segment, improved operational efficiency, disciplined cost management, and a relatively stable foreign exchange environment.
The company noted that the new market segment continued to make a stronger contribution to revenue, both on a year-on-year basis and when compared with the preceding quarter, reflecting growing demand and effective market penetration strategies.
Further strengthening its performance, BUA Cement said its cost-containment initiatives delivered measurable results, reducing direct production costs per tonne by 4.4 per cent compared to the previous year and by 0.6 per cent between the first and second quarters of 2026.
The company’s operating ratio also improved significantly, declining to 49.1 per cent from 57.9 per cent recorded in the first half of 2025, an indication of enhanced operational efficiency and prudent expenditure management.
Key performance indicators also showed notable improvements. Return on assets climbed to 21.4 per cent from 15.4 per cent, while return on equity rose sharply to 52.4 per cent from 37.8 per cent in the corresponding period of the previous year.
In addition, earnings before interest, taxes, depreciation and amortisation (EBITDA) increased to 54 per cent, up from 46.3 per cent, reflecting stronger profitability and improved operational performance.
Shareholders also benefited from the company’s strong showing, as earnings per share rose to N9.59, compared with N5.34 recorded in the first half of 2025.
Reacting to the results, BUA Cement’s Managing Director and Chief Executive Officer, Yusuf Binji, expressed confidence in the company’s growth trajectory despite prevailing operational challenges.
“We have delivered a strong quarter despite the constraints encountered,” Binji said.
He noted that the company remained committed to exploring new growth opportunities while sustaining efforts to improve efficiency and control costs.
According to him, the gains recorded so far validate the company’s strategic direction and investment decisions.
“As outlined in my April commentary, our strategic focus is firmly on new growth opportunities and cost-containing measures. I am pleased with the traction of the growth plans and the gains recorded,” he stated.
Binji added that BUA Cement would continue to pursue initiatives aimed at boosting productivity and strengthening operational performance across its business operations.
“We will continue to prioritise measures aimed at driving operational efficiencies. I expect current process optimisation activities will result in higher productivity and improved cost management, especially with the decisions taken during the quarter.
“I am very encouraged by our outlook and performance over the next quarters,” he said.
The latest results position BUA Cement among the strongest-performing manufacturing companies in Nigeria this year, highlighting its resilience and ability to sustain growth amid a challenging business environment.
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